Vietnamese Ambassador to Russia Ngo Duc Manh suggests SMEs partnership a focus in VN-Russia ties. (Photo: VNA)

Moscow (VNA) – Cooperation between small and medium-sized enterprises (SMEs) of Vietnam and Russia should be paid attention as they will jostle two-way trade to reach 10 billion USD by 2020 set by leaders from the two countries, said Vietnamese Ambassador to Russia Ngo Duc Manh.

He made the statement during his meeting with Governor of St. Petersburg Georgy Poltavchenko on March 16 as part of his first working trip in Russia’s second important city.

Ambassador Manh briefed the Russian official of Vietnam’s policies and priorities in international cooperation, saying that connections between the SMEs from both nations need support from the Vietnamese Embassy’s trade office and local authorities.

For his part, the St. Petersburg governor, said that the Vietnamese community in the city has been well integrating into the host city and many successful businesses have made significant contributions to the locality’s gross domestic products and created stable jobs for labourers from both sides.

With 400,000 SMEs, St. Petersburg stand ready to support them in getting connections with Vietnamese partners and share experience in the area, he noticed, adding that the restaurant and hotel business is promising for Vietnamese firms if they want to invest in the city.

At the meeting, both sides agreed to join hands to organise forums and investment promotion conferences to link SMEs of the two countries.

Earlier, Manh met with leaders from the St. Petersburg city’s Committee for External Relations and visited the St. Petersburg University to seek training opportunities for Vietnamese students.-VNA